* Bank of Canada cuts rates by 25 basis points to 0.25%. Reveals that it would announce Quantitative Easing plans on Thursday.
* State Street investor confidence index rises 9.4 points to 79.6, highest level since July 2008
* IMF expects $4.1 trillion in credit losses worldwide
A very quiet day in Eur/Usd , with only a brief rally up to 1.2990 to being quickly sold into.
Cable fared a bit better on a slight slippage in risk aversion, peaking at 1.4710 before also meeting sellers very quickly.